Minneapolis, MN – International Decision Systems® (IDS), the leading provider of asset finance software, announced today the release of its Personal Property Securities solution (PPS) to  facilitate recent legislative changes introduced by the Australian government. 

As part of this regulatory change, lessors will be required to register property with the Australian government in the PPS Register, a real-time, public site where property security interests are registered and stored.  IDS developed its PPS solution to act as an automated two-way interface between the company’s InfoLease back-office portfolio management system and the Australian Government’s new central online registration site.  

 “This legislation presents a significant change in practice for asset finance companies in Australia who want their interests noted and protected,” said Scott Masterton, Asia Pacific Manager for Consulting and Support at IDS. “We assembled a team to work closely with the Australian government so that we could get a solid understanding of the legislative changes and deploy our PPS solution early in order to provide customers with ample testing and implementation time before the regulatory change goes into effect in October.”

The new PPS solution is designed to help financing industry customers meet these regulations quickly and easily, and it will greatly reduce the need for manual follow-up registrations in the future. “We committed to meeting these new registration requirements as soon as possible,” said Greg Cameron, National Leasing Manager for Lanier (Australia) Pty Ltd.  “The PPS solution from IDS was by far our most cost effective option because it will enable us to register all our equipment automatically using our existing InfoLease system.”

IDS’ asset financing and portfolio management solutions provide integrated front-office and back-office workflow with greater flexibility and more efficiency to streamline commercial leasing and finance operations, while enabling lenders and lessors to maintain regulatory compliance and a competitive advantage in the marketplace. With scalability to meet virtually every need and multi-language and single instance multi-currency support, IDS’ solutions are used by more than 250 customers in some 34 countries to improve their credit decisioning, streamline operations and reduce risk.

About IDS:

IDS is the leading provider of software and solutions for the equipment finance market. For over 30 years, the company has offered integrated solutions from origination through disposition and asset management, supported by an ongoing research and development effort unrivaled in the market space. Customers include approximately 50 percent of the largest leasing companies in the United States, and an increasing number of the largest global players. In addition to offering powerful, flexible software, IDS provides the industry experience and expertise to assure successful, complete solutions. Headquartered in Minneapolis, MN, the company also has offices in the United Kingdom, India, Singapore and Australia. For additional information, visit www.idsgrp.com.

International Decision Systems®, InfoLease®, and Rapport® are registered trademarks of International Decision Systems, Inc.

Contact:

Tracy Prochaska

+1.612.851.3370

tprochaska@idsgrp.com